This English translation is provided for information purposes only. If any discrepancy is identified between
this translation and the Japanese original, the Japanese original shall prevail.
March 16, 2020
REIT Issuer:
Japan Hotel REIT Investment Corporation (TSE code: 8985)
Kaname Masuda, Executive Director
Asset Management Company:
Japan Hotel REIT Advisors Co., Ltd.
Hisashi Furukawa, President & CEO
Contact:
Makoto Hanamura
Executive Director,
Head of Planning Group, Operations Division
TEL: +81-3-6422-0530(Amendment) Notice Concerning Partial Amendments to“Financial Report for the Fiscal Year Ended December 31, 2019 (January 1, 2019 - December 31, 2019)”
and “Financial Results Briefing for the Fiscal Year Ended December 31, 2019
(January 1, 2019-December 31, 2019) dated February 20,2020”
Japan Hotel REIT Investment Corporation (hereinafter called “JHR”) informs you that a few amendments are requiredin “Financial Report for the Fiscal Year Ended December 31, 2019 (January 1, 2019 - December 31, 2019)”(hereinafter called “Financial Report”) and “Financial Results Briefing for the Fiscal Year Ended December 31, 2019
(January 1, 2019-December 31, 2019) dated February 20, 2020” (hereinafter called “Financial Results Briefing”),
which were announced on February 20, 2020. Partial amendments will be made as follows and the amended parts areunderlined.
1.

Amended section and details
The actual GOP of Hilton Tokyo Odaiba for the fiscal year ended December 2019
Details are as follows.

< Financial Report >a. Amended section
On page 19, a part of figures in the table in <Reference Information 2> Hotel operation indexes, sales and GOP;
<7> Hilton Tokyo Odaiba<Before amendment>

ActualGOP(JPY1M)

First half ofthe year
Second half ofthe year
Full year

1,144

Fiscal year ended
December 2019
Comparison
Comparison
with previous with previous
periodforecast(16.7%)
0.0%

Fiscal year ending
December 2020
Comparison
Forecastwith previous
this time
period
1,225
7.0%

1,500

(13.0%)(1.5%)

2,198

46.6%

2,644

(14.6%)(0.8%)

3,423

29.5%

1

<After amendment>

ActualGOP(JPY1M)b.

First half ofthe year
Second half ofthe year
Full year

1,143

Fiscal year ended
December 2019
Comparison
Comparison
with previous with previous
periodforecast(16.9%)(0.1%)

Fiscal year ending December2020
ComparisonForecastwith previous
this time
period1,225
7.2%

1,500(13.0%)(1.5%)

2,198

46.6%

2,642

(14.7%)(0.9%)

3,423

29.5%

Amended section
On page 54, a part of figures in the table in “3. Reference information; (1) Information on values of assets undermanagement, etc.; (ii) Assets under management; (C) Other major assets under management; C. Overview of thehotel business; b. Major indicators of the hotel business”

GOP(JPY 1M)

Before amendment
The HMJ Group
HotelsHilton Tokyo Odaiba
Total/Average
2,644
17,117After amendment
The HMJ GroupHilton Tokyo Odaiba
HotelsTotal/Average
2,642
17,116< Financial Results Briefing >a. Amended section
On page 11, “Change in Major Indicators” in 2019 of Hilton Tokyo Odaiba in “III. External Growth; 2. Two New
Properties Acquired in 2019”

GOP (JPY MM)

Before amendment
2,644

After amendment
2,642* Website of Japan Hotel REIT Investment Corporation: https://www.jhrth.co.jp/en/2